A Study on Open Economy and Its Liberalisation

Main Article Content

Kadambari .
Chanderjeet .

Abstract

The objective of this study is to shed light on the determinants of Open Economy in India. The paper discusses the move of allowance of Open Economy. The initial step took towards economy reform and liberalization took by the Central Government of India with respect to its reasons and effects on different sectors in India. The effect of policies introduced and applied in economy. Issues concerning economic policy, impact of the reforms on poverty, sectoral issues relating to agriculture, industry and infrastructure are briefly discussed. The paper is based on secondary data collected from different newspapers and online sources, mentioned in references.

Keywords:
Liberalisation, open economy, reforms, economic reform in 1991.

Article Details

How to Cite
., K., & ., C. (2019). A Study on Open Economy and Its Liberalisation. Journal of Economics, Management and Trade, 24(1), 1-7. https://doi.org/10.9734/jemt/2019/v24i130157
Section
Review Article

References

Bhagwati Jagdish, Srinivasan TN. Foreign trade regimes and economic development: India. Columbia University Press, New York; 1975.

Jalan Bimal. India’s economic crisis. Oxford University Press, New Delhi; 1991.

Ahluwalia Isher Judge. The role of trade policy in Indian industrialisation. In T. J. Byres (Ed.), The State and Development Planning in India, Oxford University Press, London. 1994;340-368.

Bhagwati Jagdish, Srinivasan TN. India’s Economic Reforms, Ministry of Finance, Government of India Press, New Delhi; 1993.

Mukesh Kumar. Impact of economic reforms on India. IJIFR. 2014;1(7).

Babita Thakur, Vinod Kumar Sharma, Som Raj. Had economic reforms had an impact on India’s industrial sector? IOSR Journal of Humanities and Social Science. 2012;4(2):01-07.

Available:http://statisticstimes.com